Blum Holdings Inc (BLMH)

[BriarPatch]

No doubt a big improvement

One of the many things that made the 40 million in 8 quarterly tranche's deal along with the rs such a great thing for the company is not only did it fix the share structure and enable expansion for another two years minimum but it was also a "see ya wouldn't wanna be ya" to the "dominions and the magna's" predatory lending practices common for otc lenders.
I've posted this a few times but I'm not sure the board remembers so I'll quote it below. Much much better rates and terms, still not on par with a legal biz but definitely much much better.

8 quarterly tranches of 5 million each

"...So that 40 million is coming in eight tranches of five million bucks each quarter over the next 24 months. And one the main reasons we did that we scoped out what our growth and Capex requirements are over the next two years. And we may move those timelines around a little bit..."

"...the capital raise essentially provided the company with enough growth capital to execute on the business model over the next 24 months. We believe these steps will fuel the growth of the company and help create value for shareholders..."

https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm


Financing, though not as good as what a 100% legal business entity could get, is getting better and better!

“…We saved about 20 percent in costs on this major capital investment that we’re bringing in versus the prior tranche that we’ve done….”

https://www.sec.gov/Archives/edgar/data/1451512/000147793218001372/trtc_ex992.htm


details of 40 million financing.

"...7.5% Senior Convertible Promissory Note..."

https://www.sec.gov/Archives/edgar/data/1451512/000147793218001290/trtc_424b5.htm

more details…

https://www.terratechcorp.com/news-media/press-releases/detail/217/terra-tech-corp-provides-strategic-business-update-for-2018


* straight from the filings...

"...Global alliance Partners offering securities through Euro Pacific Capital Inc..."

http://www.globalalliancepartners.com/partners/

http://www.europac.com/

seems to be a major upgrade from dominion and magna. There in 26 countries and I noticed that global alliance has a partner in NY and one in San Fran specializing in "mergers & acquisitions / corporate advisory"

http://terracap.com/corporate-advisorymergers-acquisitions/

terracap is short for terranova capital and it is the california office for Global Alliance Partners.

business is blüming!!!